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H.2, 1994, NO. 38
LIBRARY Actions of the Board, its Staff, and
the Federal Reserve Banks;
BOARD OF GOVERNORSES“AP
Applications
and Reports Received
OF THE
the Week Ending September 17, 1994
FEDERAL RESERVE SYSTEM~ 0
ANNOUNCEMENT
.• c n c "•'
i ;,c
i 5AKK.
ACTIONS TAKEN BY THfe | 9 ^ , ^ G O V E R N O R S
BANK HOLDING COMPANIES
FCFT, Inc., Princeton, West Virginia -- to acquire
Hinton Financial Corporation, Hinton, West
Virginia, and The First National Bank of Hinton.
Approved, September 12, 1994.
Keweenaw Financial Corporation, Hancock, Michigan
to acquire Commercial National Bank of L vAnse,
L ’Anse, Michigan.
Approved, September 12, 1994.
OmniBanc Corporation, River Rouge, Michigan - - t o
acquire Indecorp, Inc., Chicago, Illinois;
Independence Bank of Chicago; Drexel Holding Co.;
and Drexel National Bank.
Approved, September 14, 1994.
Toronto-Dominion Bank, Toronto, Canada -- to engage
de novo in securities-related activities, including
underwriting and dealing in all types of debt and
equity securities on a limited basis through
Toronto Dominion Securities (USA) Inc., New York,
New York.
Permitted, September 14, 1994.
BANK MERGERS
Bank of Lancaster, Kilmarnock, Virginia -- to acquire
the Kilmarnock, Virginia, branch of TideMark Bank,
Newport News, Virginia.
Approved, September 12, 1994.
ENFORCEMENT
National Bank of Greece, Athens, Greece, and its
branches in Boston and Chicago -- written agreement
dated August 18, 1994, with the Federal Reserve
Banks of New York, Boston, and Chicago, the
Commissioner of Banks for the Commonwealth of
Massachusetts, and the Federal Deposit Insurance
Corporation.
Announced, September 14, 1994.
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SEPTEMBER 12, 1994
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SEPTEMBER 17, 1994
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
REGULATIONS AND POLICIES
Regulation CC -- amendments to Appendices A and B-2
incorporating Buffalo check processing routing
numbers into the Utica check processing region.
Approved, September 16, 1994.
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES. DOMESTIC
Philadelphia
Berks County Bank, Reading, Pennsylvania -- to
establish a branch at the northeast corner of
Wilson and High Streets, Pottstown, Pennsylvania.
Approved, September 16, 1994.
Chicago
Comerica Bank, Detroit, Michigan -- to establish an
offsite electronic facility at Henry Ford Health
Systems, 1 Ford Place, Detroit, Michigan.
Approved, September 14, 1994.
Kansas City
First State Bank of Taos, Taos, New Mexico -- to
establish a branch at 201 Washington Avenue, Santa
Fe, New Mexico.
Approved, September 16, 1994.
Atlanta
Metro Bank of Dade County, Coral Gables, Florida -to establish a branch at 14499 South Dixie Highway.
Approved, September 16, 1994.
Cleveland
Ohio Bank, Findlay, Ohio - - t o establish a branch at
the northwest corner of Fishinger Boulevard and
Mill Run Drive, Columbus, Ohio.
Approved, September 14, 1994.
New York
United Jersey Bank, Hackensack, New Jersey --t o
establish two offsite electronic facilities at the
Port Authority of New York and New Jersey, Newark
International Airport, Terminal B, Upper and Lower
Levels, Newark, New Jersey.
Approved, September 12, 1994.
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SEPTEMBER 17, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COHPANZES
Richmond
Allied Irish Banks, Limited pic, Dublin, Ireland, and
First Maryland Bancorp, Baltimore, Maryland
proposal that First National Bank of Maryland
acquire five branches of Second National Savings
Association, Salisbury, Maryland.
Approved, September 16, 1994.
Cleveland
AMH Holding Company, Morehead, Kentucky - - t o acquire
The Citizens Bancorp of Morehead, Inc.
Approved, September 12, 1994.
Boston
BankNorth Group, Inc., Burlington, Vermont - - t o
acquire North American Bank Corporation,
Farmington, New Hampshire.
Approved, September 13, 1994.
Richmond
Century Bancshares, Inc., Washington, D.C. -proposal that Century National Bank acquire a
branch of Second National Federal Savings
Association, Salisbury, Maryland.
Approved, September 16, 1994.
St. Louis
Citizens Bancorp of Hickman, Inc., Hickman, Kentucky
-- proposal that The Citizens Bank of Hickman
purchase certain assets and assume the liabilities
of the Hickman, Kentucky, branch of Security Trust
Federal Savings and Loan Association, Knoxville,
Tennessee.
Approved, September 16, 1994.
Richmond
City Holding Company, Charleston, West Virginia --t o
engage in lending activities.
Approved, September 12, 1994.
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SEPTEMBER 17, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Kansas City
Colt Investments, Inc., Overland Park, Kansas -- to
engage de novo in lending activities.
Permitted, September 15, 1994.
Atlanta
Community Bancshares, Inc., Cornelia, Georgia -- to
acquire The Bank of Troup County, LaGrange,
Georgia.
Approved, September 16, 1994.
San Francisco
Cupertino Bancorp, Cupertino, California - - t o engage
in extensions of credit by purchasing loan
participations from Cupertino National Bank.
Permitted, September 16, 1994.
Chicago
D & TC, New Hampton, Iowa - - t o engage de novo in
1end ing act iv it ie s .
Returned, September 15, 1994.
Minneapolis
First Community Bancorp, Inc., Glasgow, Montana -- to
acquire First Community Bank.
Approved, September 12, 1994.
Richmond
First United Bancorporation, Anderson, South Carolina
-- to engage in tax preparation services.
Approved, September 15, 1994.
Chicago
Grant Park Bancshares, Inc., Grant Park, Illinois -to acquire First National Bank of Grant Park.
Approved, September 16, 1994.
Richmond
Harbor Bankshares Corporation, Baltimore, Maryland -proposal that Harbor Bank of Maryland acquire a
branch of Second National Federal Savings
Association, Salisbury, Maryland.
Approved, September 12, 1994.
Secretary
Keystone Financial, Inc., Harrisburg, Pennsylvania -proposal that Pennsylvania National Bank,
Pottsville; merge with American Savings Bank,
Tamaqua, Pennsylvania.
Approved, September 15, 1994.
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SEPTEMBER 17, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Chicago
Maple Park Bancshares, Inc., Maple Park, Illinois
to engage de novo in servicing mortgage loams.
Returned, September 16, 1994.
Cleveland
Mellon Bank Corporation, Pittsburgh, Pennsylvania -to acquire Second National Federal Savings
Association, Salisbury, Maryland.
Approved, September 16, 1994.
Richmond
Mercantile Bankshares Corporation, Baltimore,
Maryland -- proposal that The Chestertovm Bank of
Maryland, Chestertown, acquire a branch of Second
National Federal Savings Association, Salisbury,
Maryland.
Approved, September 16, 1994.
Chicago
Mid Illinois Bancorp, Inc. Employee Stock Ownership
Plan -- change in bank control.
Returned, September 14, 1994.
Chicago
Peotone Bancorp, Inc., Peotone, Illinois -- proposal
that Southwest Bancorp, Inc., Worth, Illinois,
acquire Minooka Bancorp, Inc., Minooka, Illinois,
Tri-County Bank of Minooka; Westbanco, Inc.,
Westville, Illinois, First National Bank of
Westville; and for Southwest Bancorp, Inc., Worth,
Illinois, to acquire 4.71 percent of Founders
Bancorp, Inc., Scottsdale, Arizona, and 4.71
percent of Founders Bank of Arizona.
Approved, September 15, 1994.
Director, BS&R
Pinellas Bancshares Corporation, St. Petersburg,
Florida -- request for relief from commitment made
in connection with application of United Pinellas
Corporation to acquire Pinellas Bancshares
Corporation.
Granted, September 12, 1994.
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SEPTEMBER 17, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Dallas
Pioneer Bankshares, Inc., Fredericksburg, Texas - - t o
acquire Pioneer II Bankshares, Inc, Dover,
Delaware, and Pioneer National Bank,
Fredericksburg, Texas.
Approved, September 14, 1994.
Dallas
Pioneer II Bancshares, Inc., Dover, Delaware - - t o
acquire Pioneer National Bank, Fredericksburg,
Texas.
Approved, September 14, 1994.
Cleveland
Second Bancorp, Inc., Warren, Ohio - - t o acquire
TransOhio Federal Savings Bank, Cleveland, Ohio.
Approved, September 16, 1994.
Director, BS&R
Shawmut National Corporation, Hartford, Connecticut - request for relief from commitments in connection
with application to acquire Hartford National
Corporation, Hartford, Connecticut, and Shawmut
Corporation, Boston, Massachusetts.
Granted, September 15, 1994.
Chicago
St. Francis Capital Corporation, Milwaukee, Wisconsin
- - t o acquire St. Francis Insurance Corp., and
engage in the sale of credit life and disability
insurance.
Returned, September 16, 1994.
Cleveland
Star Bancorporation, Cincinnati, Ohio - - t o acquire
TransOhio Federal Savings Bank, Cleveland, Ohio.
Approved, September 16, 1994.
Cleveland
UNB Corporation, Canton, Ohio -- to acquire TransOhio
Federal Savings Bank, Cleveland, Ohio,
Approved, September 17, 1994.
Secretary
Union Planters Corporation, Memphis, Tennessee - - t o
acquire Commercial Bancorp, Inc., Obion, Tennessee,
and The Commercial Bank.
Approved, September 13, 1994.
Chicago
Village Investment Company, Libertyville, Iowa -- to
acquire Libertyville Savings Bank.
Approved, September 16, 1994.
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SEPTEMBER 17, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Atlanta
1st United Bancorp, Boca Raton, Florida, and 1st
United Bank -- request for relief from commitment.
Granted, September 16, 1994.
BANK MERGERS
Richmond
First Community Bank, Princeton, West Virginia -- to
merge with Flat Top National Bank, Bluefield;
Peoples Bank of Bluewell, Bluewell; and First
Federal Savings Bank, Bluefield, West Virginia.
Approved, September 14, 1994.
Chicago
Old Kent Bank, Elmhurst, Illinois - - t o merge with
Edgemark Bank-Lombard, Lombard; Merchandise
National Bank, Chicago, and Edgemark Bank-Rosemont,
Rosemont, Illinois, and to establish branches.
Approved, September 14, 1994.
BANK PREMISES
Chicago
Old Kent Bank and Trust Company, Grand Rapids,
Michigan -- investment in bank premises.
Approved, September 13, 1994.
Dallas
State Bank of Texas, Houston, Texas -- investment in
bank premises.
Approved, September 12, 1994.
BANKS. STATE MEMBER
Kansas City
Citizens Bank & Trust, Okmulgee, Oklahoma -- payment
of a dividend.
Approved, September 16, 1994.
Kansas City
Morris State Bank, Morris, Oklahoma -- payment of a
dividend.
Approved, September 16, 1994.
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SEPTEMBER 17, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Chicago
Bank of Pecatonica, Pecatonica, Illinois, proposed
merger with State Bank of Freeport, Freeport; and
First State Bank and Trust Company, Rockford,
Illinois -- report on competitive factors.
Submitted, September 12, 1994.
San Francisco
Business & Professional Bank, Woodland, California,
proposed merger with Sacramento First National
Bank, Sacramento, California -- report on
competitive factors.
Submitted, September 16, 1994.
Kansas City
Commerce Bank, N.A., Lenexa, Kansas, proposed merger
with Twin City State Bank, Kansas City, Kansas -report on competitive factors.
Submitted, September 13, 1994.
Kansas City
Farmers State Bank in Sterling, Sterling, Kansas,
proposed merger with First National Bank -- report
on competitive factors.
Submitted, September 13, 1994.
Boston
First Federal Bank, Waterbury, Connecticut, proposed
merger with Shoreline Bank and Trust Company,
Madison, Connecticut -- report on competitive
factors.
Submitted, September 16, 1994.
Richmond
First Federal Savings and Loan Association,
Charleston, West Virginia, proposed purchase of
certain assets and assumption of certain
liabilities of the Pawleys Island, South Carolina,
branch of Peoples Federal Savings and Loan
Association, Conway, South Carolina -- report on
competitive factors.
Submitted, September 14, 1994.
Atlanta
First Union National Bank of Florida, Jacksonville,
Florida, proposed acquisition of the Florida
offices of Great Western Bank, FSB, Chatsworth,
California -- report on competitive factors.
Submitted, September 13, 1994.
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SEPTEMBER 17, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Chicago
Firstar Bank Milwaukee, National Association,
Milwaukee, Wisconsin, proposed merger with Firstar
Bank Lake Geneva, National Association, Elkhorn,
Wisconsin -- report on competitive factors.
Submitted, September 12, 1994.
Chicago
Firstar Bank West, National Association, Naperville,
Illinois, proposed merger with Firstar Bank Park
Forest, Park Forest; First Bank North Shore,
Deerfield; and Firstar Bank DuPage, Glen Ellyn,
Illinois -- report on competitive factors.
Submitted, September 13, 1994.
Chicago
LaSalle Talman Bank, FSB, Chicago, Illinois, proposed
purchase of 26 Illinois branches of Home Savings of
America, FSB, Irwindale, California -- report on
competitive factors.
Submitted, September 16, 1994.
Minneapolis
Marquette Bank, Hutchinson, N.A., Hutchinson,
Minnesota, proposed merger with Marquette Bank
Brookdale, Brooklyn Center; Marquette Bank Brooklyn
Park, Brooklyn Park; Marquette Bank Monticello,
Monticello; Marquette Bank, Mound; Marquette Bank
New Hope, New Hope; Marquette Bank New Prague, New
Prague; and Marquette Bank Shakopee, Shakopee,
Minnesota -- report on competitive factors.
Submitted, September 14, 1994.
Richmond
NationsBank of South Carolina, N.A., Columbia, South
Carolina, proposed merger with Rock Hill National
Bank, Rock Hill, South Carolina -- report on
competitive factors.
Submitted, September 12, 1994.
Atlanta
NBD Bank, F.S.B., Venice, Florida, proposed merger
with NBD Trust Company of Florida, N.A. North Palm
Beach, Florida -- report on competitive factors.
Submitted, September 12, 1994.
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SEPTEMBER 17, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Atlanta
Peachtree National Bank, Peachtree City, Georgia,
proposed purchase of the assets and assumption of
the liabilities of Peach State Bank, Riverdale,
Georgia -- report on competitive factors.
Submitted, September 16, 1994.
Chicago
Raritan State Bank, Raritan, Illinois, proposed
merger with R S B Interim Bank -- report on
competitive factors.
Submitted, September 12, 1994.
New York
Skaneateles Savings Bank, Skaneateles, New York,
proposed assumption of liability to pay deposits
and purchase of certain assets of the Shop City
office at Syracuse, New York, of First National
Bank of Rochester, Rochester, New York -- report on
competitive factors.
Submitted, September 16, 1994.
Atlanta
Union National Bank of Florida, Jacksonville,
Florida, proposed purchase of certain assets and
assumption of certain liabilities of the Florida
branches of Great Western Bank, FSB, Chatsworth,
California -- report on competitive factors.
Submitted, September 13, 1994.
S t . Louis
Wedge Bank, Alton, Illinois, proposed merger with
Mercantile Bank of Alton, Alton, Illinois -- report
on competitive factors.
Submitted, September 16, 1994.
EXTENSIONS OF TINE
San Francisco
BankAmerica Corporation, San Francisco, California
extension to divest certain property.
Granted, September 15, 1994.
Atlanta
Barnett Banks, Inc., Jacksonville, Florida -extension to December 23, 1994, to engage de novo
in acting as an agent in private placement of
securities through Barnett Securities, Inc.
Granted, September 15, 1994.
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SEPTEMBER 17, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIHE
Kansas City
Employee Stock Ownership Plan for Employees of Payne
County Bank, Perkins, Oklahoma -- extenson to
October 19, 1994, to acquire Payne County
Bancshares, Inc.
Granted, September 16, 1994.
St. Louis
First Banks, Inc., St. Louis, Missouri -- extension
to November 14, 1994, to acquire St. Charles
Federal Bancshares, Inc., St. Charles, Missouri,
and St. Charles Federal Savings and Loan
Association.
Granted, September 13, 1994.
Chicago
Old Kent Bank and Trust Company, Grand Rapids,
Michigan -- extension to January 25, 1995, to
establish a branch at 6450 South Cedar, Lansing,
Michigan.
Granted, September 13, 1994.
Secretary
Priced services -- extension for thirty days of the
comment period on proposed modification of the
method for calculating imputed clearing balance
income.
Granted, September 14, 1994.
Chicago
Valley Financial Corp., Caro, Michigan -- extension
to December 12, 1994, to engage de novo in the sale
of general insurance.
Granted, September 13, 1994.
INTERNATIONAL OPERATIONS
Minneapolis
Norwest Bank Wyoming, N.A. Casper, Wyoming - - t o
establish a foreign branch in Grand Cayman, Cayman
Islands, British West Indies.
Approved, September 16, 1994.
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SEPTEMBER 12, 1994
PAGE 12
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SEPTEMBER 17, 1994
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
MEMBERSHIP
Dallas
State Bank of Texas, Houston, Texas - - t o becone a
member of the Federal Reserve System.
Approved, September 12, 1994.
RESERVE BANK SERVICES
Director, FRBO
Federal Reserve Bank of Minneapolis -- to offer on-us
processing services to depository institutions
using electronic presentment services.
Approved, September 12, 1994.
Director, BS&R
Federal Reserve Bank of San Francisco -- to implement
a Canadian check clearing service with forward
collection items to be initially handled by the
Seattle Branch.
Approved, September 14, 1994.
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SEPTEMBER 12, 1994
PAGE 13
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SEPTEMBER 17, 1994
BOARD OPERATIONS
Chairman
Bank for International Settlements -- appointment of
William J. McDonough, President of the Federal
Reserve Bank of New York as the appointed U.S.
director on the Board of Directors of the Bank for
International Settlements.
Approved, September 9, 1994.
FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Comment Period Ending Date
Application
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application
Comment Period Ending Date
Home Port Bancorp, Inc.,
Nantucket, Massachusetts Change in Control
notification filed by
Karl L . Meyer to acquire
up to 13.85% of Home Port
Newspaper
Not Yet Established
Federal Register
09-08-94
SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application
Comment Period Ending Date
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Examination Date
Rating**
Institution
State Street Bank and
Trust Company
225 Franklin Street
PO Box 351
Boston, Massachusetts 02101
Telephone:
04-04-94
"S"
617-786-3000
♦Subject to CRA.
♦♦Rating Definitions:
"0" - Outstanding; "S" - Satisfactory,Improve; "SN" - Substantial Noncompliance.
"N" - Needs to
Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
__________ Notice Only___________
Chemical Bank, New York, New York, to establish an off-site
electronic facility at Lenox Hill Hospital, 100 East 77th
Street, New York, New York. 1/
10/13/94
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
None.
SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
None.
SECTION IV
Applications Not Involving
______Public Comment______
None.
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record
of ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate- income neighbor
hoods, in a manner consistent with its resources and capabilities.
Week Ending September 17, 1994
NAME OF BANK
RATING
EXAMINATION DATE
|U> |tO |H
None.
/
/
/
/
Subject to provisions of Community Reinvestment Act.
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Available
FEDERAL RESERVE BANK OF PHILADELPHIA
Section I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
CoreStates Financial Coro, Philadelphia, PA to acquire and merge Germantown Savings
Bank, Bala Cynwyd, PA with and into its subsidiary bank, CoreStates Bank, N.A.,
Philadelphia, PA, pursuant to Section 5(d)(3) ("the Oakar Amendment") of the FDI Ast.
(Note: Applicant has also filed an application with the OCC under the Bank Merger Act
to seek approval for the merger of these two banks.)
Newspaper comment period expires:
N. Avail
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
None
SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
First Fidelity Bancorporation, Newark, New Jersey to engage in data processing
activities as a result of its pending acquisition of 8.021% of the Class B Common Stock
of InfiNet Payment Services, Hackensack, New Jersey, pursuant to Section 4(c)(8) of the
Bank Holding Company Act and Section 225.25(b)(7) of Regulation Y.
Fed. Reg. comment period expires:
N. Avail (*Not yet published)
First Fidelity Bancorporation, Lawrenceville, New Jersey, to acquire Baltimore Bancorp,
Baltimore, Maryland, a savings and loan holding company, (and indirectly to acquire its
subsidiary, The Bank of Baltimore Interim Federal Savings Bank), pursuant to Section
4(c)(8) of the BHCA and Section 225.25(b)(9) of Regulation Y.
Fed. Reg. comment period expires:
N. Avail
First
Fidelity Bancorporation, Lawrenceville, New Jersey,
to acquire Atlantic
Independent Insurance Agency, Inc., Bel Air, MD, and thereby act as insurance agent for
various insurance products for consumer and commercial customers of the bank, pursuant
to Section 4(c)(8) of the BHCA and Section §225.25(b)(8) of Regulation Y.
Fed. Reg. comment period expires:
N. Avail
Baltimore Bancorp, Baltimore, Maryland, to acquire The Bank of Baltimore Interim
Federal Savings Bank, Baltimore, Maryland, pursuant to Section 4(c)(8) of the BHC Act
and Section 225.25(b)(9) of Regulation Y.
Fed. Reg. comment period expires:
N. Avail
First Fidelity Bancorporation, Lawrenceville, New Jersey,
to acquire Atlantic
Residential Mortgage Corporation, Baltimore, MD, and thereby engage in originating,
purchasing, packaging, selling and servicing residential mortgage loans for the
secondary market, itself and the bank and provide fully secured financing to other
mortgage banking companies to assist them in the acquisition of servicing rights in
residential mortgages, pursuant to Section 4(c)(8) of the BHCA and Section 225.25(b)(1)
of Regulation Y.
Fed. Reg. comment period expires:
N. Avail
First Fidelity Bancorporation, Lawrenceville, New Jersey, to acquire Baltimore Bancorp
Investment Services, Inc., Baltimore, MD, and thereby act as a discount broker,
pursuant to Section 4(c)(8) of the BHCA and Sections 225.25(b)(15) and (b)(16).
Fed. Reg. Comment period expires:
N. Avail
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
First Fidelity Bancorporation, Lawrenceville, New Jersey, to acquire Baltimore Bancorp
Leasing & Financial, Inc., Baltimore, MD, and thereby act as an equipment finance and
leasing company, pursuant to Section 4(c)(8) of the BHCA and Sections 225.25(b)(1)and
(b)(5) of Regulation Y.
Fed. Reg. comment period expires:
N. Avail
SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OF NEWSPAPER NOTICE
None
1/ Subject to provisions of Community Reinvestment Act.
* N/A - not yet available.
FEDERAL RESERVE BANK OF PHILADELPHIA
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following institutions were examined for CRA* The 30-business day period the bank
has to make the evaluation public has lapsed during the week ending September 16* 1994.
Identification of Ratings
In connection with the assessment of each insured depository
performance, a rating is assigned from the following groups:
institution's
CRA
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Bank/Location
Examination Date
CRA Rating
None
None
None
F ederal R eserve B ank
of C leveland
P. O. B O X 6 3 8 7
C LE V E L A N D , OHIO 4 4 1 0 1 -1 3 8 7
APPLICATIONS BULLETIN
(For the week ending September 17, 1994)
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Received application from Summit Bank,
Fairlawn, Ohio, on September 7, 1994, to become
a member of the Federal Reserve System.
Received OAKAR application from National City
Corporation, Cleveland, Ohio, on August 30, 1994,
to acquire Central Indiana Bancorp, Kokomo, Indiana.
Received OAKAR application from American
Bancorporation, Wheeling, West Virginia, on
August 29, 1994, to acquire the St. Clairsville
and Steubenville, Ohio, branch offices of
Buckeye Savings Bank, Bellaire, Ohio.
Received OAKAR application from PNC Bank Corp.
Pittsburgh, Pennsylvania, on September 1, 1994,
to acquire Brentwood Financial Corporation,
Cincinnati, Ohio.
* Not Yet Known #
* September 30, 1994
* Not Yet Known #
* September 28, 1994
Received applications from The Fifth Third Bank
of Columbus, Columbus, Ohio; The Fifth Third Bank
of Southern Ohio, Flillsboro, Ohio; and The Fifth
Third Bank of Northern Kentucky, Inc., Covington,
Kentucky, on September 16, 1994, for permission to
become members of the Federal Reserve System.
* Not Yet Known #
Received OAKAR application from Fifth Third
Bancorp, Cincinnati, Ohio, on September 16, 1994,
to merge with Mutual Federal Savings Bank of
Miamisburg, Miamisburg, Ohio.
* Not Yet Known #
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to end approximately 30 days from date of application’s receipt
## - Expected to end approximatley 18 days from date of application’s receipt
F ederal R eserve B ank
of C leveland
P. O. B O X 6 3 8 7
C L E V E L A N D , O H IO 4 4 1 0 1 -1 3 8 7
APPLICATIONS BULLETIN
(For the week ending September 17, 1994)
SECTION H - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3(a)(1) application from Gillmor
Financial Services, Inc., Old Fort, Ohio, on
July 27, 1994, to acquire Old Fort Banking Company,
Old Fort, Ohio.
Received Section 4(c)(8) application from PNC Bank
Corp., Pittsburgh, Pennsylvania, on September 1,
1994, to acquire Brentwood Financial Corporation,
Cincinnati, Ohio.
*F: September 30, 1994
*F: October 7, 1994
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Received Section 4(c)(8) application from Pikeville
National Corporation, Lexington, Kentucky, on August
30, 1994, to acquire KenTrust Capital Management
Inc., Lexington, Kentucky.
Received Section 4(c)(8) application from Gilmor
Financial Services, Inc., Old Fort, Ohio, to acquire
Old Fort Real Estate Company, Old Fort, Ohio.
* September 30, 1994
Not Yet Known #
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR
NEWSPAPER NOTICE
NONE
* - Subject to CRA
N - Newspaper Comment Period
F - Federal Register Comment Period
# - Expected to end approximately 30 days from date of application’s receipt
## - Expected to end approximatley 18 days from date of application’s receipt
AVAILABILITY OF CRA PUBLIC EVALUATIONS
(September 16, 1994)
The following state member banks have been examined by the Federal Reserve Bank of
Cleveland for compliance with The Community Reinvestment Act. A public evaluation document
became available from the bank(s) listed below during the week ended September 16, 1994. If
you are interested in obtaining a copy of an evaluation document, please contact the bank(s)
directly.
There are four descriptive ratings for CRA:
OUTSTANDING: a bank in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
SATISFACTORY: a bank in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IMPROVE: a bank in this group needs to improve its overall record of
ascertaining and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
SUBSTANTIAL NON COMPLIANCE: a bank in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
NONE
Federal Reserve Bank of Richmond
Section I - Applications Subject to Newspaper
Notice Only
Application
Comment Period Ending Date
Grestar Bank, Richmond, Virginia, to
merge with Independent Bank, Manassas,
Virginia.*
10-13-94
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
None.
Section III - Applications Subject to Federal Register Notice
Application
Comment Period Ending Date
None .
Section IV - Application Not Subject to
Federal Register Notice or Newspaper Notice
None .
-Application is subject to CRA requirements.
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
Week ending September 16, 1994
Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
The Bank of Marion
102 West Main Street
Marion, Virginia 24354
Examination
Date
Rating
6-27-94
Satisfactory
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 16. 1994
Section 1 - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
First American Bank of Indian River County
10-14-94*
Vero Beach, Florida
To establish a branch located at the intersection of U.S. Highway
#1 and Eighth Street.
Section 2 - Applications Subject to Both
Newspaper and Federal Register Notice
Application
Comment Period Ending Date
Florida First City Banks, Inc.
Not yet available*
Fort Walton Beach, Florida
Change in control notice by Mr. John Chancey McGee and Ms. Kathrine
Chancey McGee, to acquire an additional 30.60 percent of the
outstanding shares of Florida First City Banks, Inc., Fort Walton
Beach, Florida.
Together, the total ownership will equal 56.90
percent.
Gulf West Banks, Inc.
Not yet available*
St. Petersburg, Florida
1-BHC formation, Mercantile Bank, St. Petersburg, Florida.
Colony Bankcorp, Inc.
10-10-94*
Fitzgerald, Georgia
Newspaper
After-the-fact change in control by Mr. R. Sidney Ross to retain
stock options that would increase his ownership of Colony Bankcorp,
Inc., Fitzgerald, Georgia, by 2.04 percent.
Total ownership will
equal 10.47 percent.
Fairbanco Holding Company, Inc., ESOP
10-14-94*
Fairburn, Georgia
Federal Register
1-BHC formation,
Fairbanco Holding Company,
Inc.,
Fairburn,
Georgia, and thereby acquire Fairburn Banking Company, Fairburn,
Georgia.
First American Bancorp
10-17-94*
Athens, Georgia
Federal Register
Change in control notice by Mr. John D. McLanahan and Ms. Valerie
McLanahan Goetz, to acquire an additional 26.37 percent of First
American Bancorp, Athens, Georgia.
Total acquisition will equal
35.90 percent.
♦Subject to provisions of the Community Reinvestment Act.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 16. 1994
Section 3 - Applications Subject to Federal Register OnlyApplication
Comment Period Ending Date
Southeast Switch, Inc.
Not yet available
Maitland, Florida
Pursuant to Section 4(c) (8) of the Bank Holding Company Act and
Section 225.25(b)(7) of Regulation Y, Applicants propose to expand
the activities of their subsidiary company, Southeast Switch, Inc.,
Maitland, Florida, to provide card production and related services
to entities that are not members of the company's HONOR ATM
network, including nonfinancial institutions. This would include
the production of stored value cards, but not the development or
operating of a stored value card system, or the accounting,
settlement,
reconciliation,
or funds collection functions in
connection
with
stored
value
cards
payment
transactions.
Applicants are as follows:
Bank South Corporation, Atlanta,
Georgia; Barnett Banks, Inc., Jacksonville, Florida; First Citizens
BancShares, Inc., Raleigh, North Carolina; First Union Corporation,
Charlotte, North Carolina; NationsBank Corporation, Charlotte,
North Carolina; Southern National Corporation, Lumberton, North
Carolina; SunTrust Banks, Inc., Orlando, Florida; Synovus Financial
Corp., Columbus, Georgia, TB&C Bancshares, Inc., Columbus, Georgia
and Wachovia Corporation, Winston-Salem, North Carolina.
Southern National Banks, Inc.
10-17-94
Fort Walton Beach, Florida
To acquire First Appraisal Corporation, Fort Walton Beach, Florida,
pursuant to Section 4 ( c ) (8) of the Bank Holding Company Act.
Liberty Shares, Inc.
10-06-94
Hinesville, Georgia
To engage de novo in consumer finance activities, pursuant to
Section 225.25 (b) (1) (i) of Regulation Y, and to engage in insurance
agency
activities,
pursuant
to
Section
225.25(8)(i)
and
225.25 (8) (ii) of Regulation Y.
SunTrust Banks, Inc.
Not yet available
Atlanta, Georgia
For its subsidiary, Trust Company Bank of South Georgia, N.A.,
Albany, Georgia, to increase its ownership of SunTrust Service
Corporation,
Atlanta,
Georgia,
an
affiliate
bank
service
corporation engaged in data processing, to .55 percent, pursuant to
Section 225.25(b)(7) of Regulation Y and Section 4 ( c ) (8) of the
Bank Holding Company A c t .
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 16. 1994
Section 3 - Applications Subject to Federal Register Only
Application
Comment Period Ending Date
SunTrust Banks, Inc.
Not yet available
Atlanta, Georgia
For its subsidiary,
Sun Bank/Tallahassee,
N. A . , Tallahassee,
Florida, to increase its ownership of SunTrust Service Corporation,
Atlanta, Georgia, an affiliate bank service corporation engaged in
data processing, to .63 percent, pursuant to Section 225.25(b)(7)
of Regulation Y and Section 4(c) (8) of the Bank Holding Company
Act.
SunTrust Banks, Inc.
Not yet available
Atlanta, Georgia
For
its
subsidiary,
Trust
Company Bank
of North Georgia,
Gainesville, Georgia, to increase its ownership of SunTrust Service
Corporation,
Atlanta,
Georgia,
an
affiliate
bank
service
corporation engaged in data processing, to .11 percent, pursuant to
Section 225.25(b)(7) of Regulation Y and Section 4 ( c ) (8) of the
Bank Holding Company A c t .
SunTrust Banks, Inc.
Not yet available
Atlanta, Georgia
For its subsidiary, The First National Bank of Florence, Florence,
Alabama, to increase its ownership of SunTrust Service Corporation,
Atlanta, Georgia, an affiliate bank service corporation engaged in
data processing, to .12 percent, pursuant to Section 225.25(b)(7)
of Regulation Y and Section 4(c) (8) of the Bank Holding Company
Act.
SunTrust Banks, Inc.
Not yet available
Atlanta, Georgia
For its subsidiary, Sun Bank/Gulf Coast, Sarasota, Florida, to
increase its ownership of SunTrust Service Corporation, Atlanta,
Georgia, an affiliate bank service corporation engaged in data
processing, to 2.14 percent, pursuant to Section 225.25(b)(7) of
Regulation Y and Section 4 ( c ) (8) of the Bank Holding Company Act.
Trustmark Corporation
Jackson, Mississippi
To
acquire
Deville
Mississippi, pursuant
Company A c t .
09-29-94
1991
Limited
Partnership,
Vicksburg,
to Section 4(c) (8) of the Bank Holding
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 16. 1994
Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Synovus Financial Corp.
Columbus, Georgia
Request for waiver for the application requirement of Section
3(a) (3) of the Bank Holding Company Act for the proposal to acquire
Peach State Bank, Riverdale, Georgia.
Federal Reserve Bank of Atlanta
Applications Bulletin for Week Ending September 16. 1994
Section 10 - Availability of CRA Public Evaluations
The CRA public evaluations of the insured depository institutions
listed below became available during this week.
Information about
an institution's CRA evaluation may be obtained directly from the
institution. In connection with the assessment of an institution's
CRA performance, a rating is assigned from the following groups:
Outstanding record of meeting community credit needs:
An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs:
An
institution has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs:
An
institution needs to improve its overall record of ascertaining and
helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs:
An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Examination
Bank
City First Bank
4904 W. Cypress Street
Tampa, Florida 33622
(813)289-3333
Rating
Date
Satisfactory
06-06-94
Southern Security Bank
Satisfactory
of Hollywood
3475 Sheridan Street
Hollywood, Florida 33081
(305)985-3900
02-22-94
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending Date
Type
Application
Oakar
Associated Banc-Corp.
Green Bay, Wisconsin
North Shore Bank, F.S.B.
Brookfield, Wisconsin
N - **
Merger
First Bank North
Freeport, Illinois
DeKalb, Illinois branch of
Home Federal Savings & Loan Association
Elgin, Illinois
N
Branch
Millbrook-Newark Bank
Newark, Illinois
Fox River Road and Whitfield Road
Millbrook, Illinois
N - 9-19-94
Oakar
Hawkeye Bancorporation
Des Moines, Iowa
Boone, Iowa branch of Midland Savings
Bank, FSB
Des Moines, Iowa
Branch
relocation
First of America Bank-North Michigan
N - **
Grand Traverse, Michigan
from 401 Bay Street to 212 Mitchell Street
Petoskey, Michigan
Branch
Northern Trust Company
Chicago, Illinois
7801 South State Street
Chicago, Illinois
Branch
Lake Forest Bank and Trust Company
Lake Forest, Illinois
310 East Scranton
Lake Bluff, Illinois
N - 9-26-94
Branch
First of America Bank-West Michigan
Grand Rapids, Michigan
347 South Division Avenue
Grand Rapids, Michigan
N - **
- 9-7-94
N - 9-23-94
N - 9-22-94
Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only
Continued
Comment Period
Ending Date
Type
Application
Branch
relocation
First of America Bank - West Michigan
Grand Rapids, Michigan
from 5455 Clyde Park S.W. to
5381 Clyde Park S.W.
Wyoming, Michigan
N - **
Oakar
NBD Bancorp, I n c .
Detroit, Michigan
Amerifed Bank, FSB
Joliet, Illinois
N
Oakar
NBD Illinois, Inc.
Park Ridge, Illinois
Amerifed Bank, FSB
Joliet, Illinois
N - **
EFT
Bankers Trust Company
Des Moines, Iowa
150 East Euclid
Des Moines, Iowa
N - 9-15-94
Membership
Fifth Third Bank of Central Indiana
N - **
Indianapolis, Indiana
to become a member of the Federal Reserve System
Membership
Fifth Third Bank of Southeastern Indiana
N - **
Batesville, Indiana
to become a member of the Federal Reserve System
Branch
First Bank of Berne
Berne, Indiana
102 W. Main Street
Berne, Indiana
N
- **
**
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Ending Date
Type,
Application
Y- 1
Vincent Bancorporation
Vincent, Iowa
Farmers Savings Bank
Vincent, Iowa*
FR - 9-16-94
NP - 9-21-94
CoC-HC
North Linn Corporation
Coggon, Iowa
by Serge Sisler
FR - 9-15-94
NP - **
Y-l
N.S. Bancorp, Inc
Chicago, Illinois
Northwestern Savings Bank
Chicago, Illinois*
FR - 9-27-94
UP
_ **
Y-2
First Mid-Illinois Bancshares, Inc.
Mattoon, Illinois
Heartland Federal Savings and Loan Assoc.
Mattoon, Illinois - convert to a Bank*
FR - 9-27-94
NP - **
Y-2
Marshall & Ilsley Corporation
Milwaukee, Wisconsin
Bank of Burlington
Burlington, Wisconsin*
FR - 9-30-94
NP - **
CoC-HC
Lamoine Bancorp, Inc.
LaHarpe, Illinois
by Charles W. Morrison
FR - 10-5-94
NP -. **
CoC-HC
State Center Financial, Inc.
State Center, Iowa
by Craig H. Haesemeyer
FR - 10-17-94
NP - **
Y-l
Bellevue State Bank Employee Stock
Ownership Plan
Bellevue, Iowa
Bellevue Service Company
Bellevue, Iowa*
FR - 10-21-94
NP - **
CoC-HC
Dysart Bancshares, Inc.
Dysart, Iowa
by Gordon H. Griffin estate,
to increase control
FR - 7-13-94
NP - 7-21-94
Y-2
Principal National Bancorp, Inc.
Pontiac, Illinois
Home Guaranty Savings Association
Piper City, Illinois*
FR
NP
**
**
Federal Reserve Bank of Chicago
Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(Continued)
Comment Period
Ending Date
Type
Application
Y-l
MBT Corp.
Forest City, Iowa
Manufacturers Bank & Trust Company
Forest City, Iowa*
FR - 9-8-94
NP - 8-31-94
Y-l
Maddox Financial, Inc.
Hartford City, Indiana
City Savings Bank
Hartford City, Indiana*
FR - 9-19-94
NP - 9-11-94
Y-2
Town Financial Corporation
Hartford City, Indiana
Maddox Financial, Inc.
Hartford City, Indiana
City Savings Bank
Hartford City, Indiana*
FR - 9-19-94
NP - 9-11-94
CoC-HC
Munter Agency, Inc.
Strawberry Point, Iowa
by Raymond J. Schirmer, Richard J. Foust
& Robert L. Foust
Y-l
Raritan State Bancorp,
Raritan, Illinois
Raritan State Bank
Raritan, Illinois*
CoC-HC
Mid Illinois Bancorp, Inc.
Peoria, Illinois
Mid Illinois Bancorp, Inc. Employee Stock
Ownership Plan
Peoria, Illinois
Inc.
FR - 9-22-94
NP
- **
FR - **
NP - **
FR - 10-5-94
NP - 8-31-94
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
Comment Period
Ending Date
Type
Application
4 (c) (8)
F & M Bancorporation, Inc.
Kaukauna, Wisconsin
Engage in making & servicing
FR - 9-19-94
of loans
Y- 4
N.S. Bancorp, Inc.
Chicago, Illinois
Engage in making & servicing of loans
FR - 9-27-94
Y-4
N.S. Bancorp, Inc.
Chicago, Illinois
Firstfed Bancshares,
Des Plaines, Illinois
First Federal For Savings
FR - 9-27-94
Y-4
First Busey Corporation
Urbana, Illinois
First Busey Securities,
Urbana, Illinois
FR - 9-30-94
Inc.
Y-4
First of America Bank Corporation
FR - 10-7-94
Kalamazoo, Michigan
F & C Bancshares, Inc.
Murdock, Florida
First Federal Savings Bank of Charlotte County
Murdock, Florida
Y-4
First of America Bank Corporation
Kalamazoo, Michigan
First of America Securities, Inc.
Kalamazoo, Michigan
FR - 10-3-94
Y-4
First of America Bank Corporation
Kalamazoo, Michigan
Presidential Holding Corporation &
Sarasota, Florida
Presidential Bank, FSB
Sarasota, Florida
FR - 10-21-94
SMB-OT
First Bank North
FR - **
Freeport, Illinois
to become a limited partner in a community
development project for low/moderate income
housing
Y-4
Johnson International, Inc.
Racine, Wisconsin
Seaboard Savings Band, F.S.B.
Stuart, Florida
FR
NP
8-12-94
8-11-94
Federal Reserve Bank of Chicago
Section III - Applications Subject to Federal Register
Notice Only
Continued
Comment Period
Ending Date
Type
Application
Y-4
Bellevue State Bank Employee Stock
Ownership Plan
Bellevue, Iowa
to engage in insurance activities thru
Bellevue insurance agency
FR - 10-21-94
Y-4
St. Francis Capital Corporation
Milwaukee, Wisconsin
St. Francis Insurance Corp
Milwaukee, Wisconsin
Engage in the sale of credit life and
Disability Insurance
FR - 9-30-94
4c8
D & TC, Inc.
New Hampton, Iowa
to engage de novo in making and servicing
of loans
FR - 10-4-94
4c8
Maple Park Bancshares, Inc.
Maple Park, Illinois
to engage de novo in the servicing of
mortgage loans
FR
10-6-94
Federal Reserve Bank of Chicago
Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type
Application
RoS
Munter Agency, Inc.
Strawberry Point, Iowa
to redeem 3,879 shares of existing voting common stock
RoS
State Center Financial, Inc.
State Center, Iowa
to redeem 19,300 shares of its common stock from
Susan & James Jorgensen
RoS
Citizens Corporation
Corydon, Iowa
to redeem 142 shares of its common stock & 1,724
shares of its preferred stock
N
FR
*
**
-
Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time
AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following state member banks have been examined by the Federal Reserve
Bank of Chicago for compliance with the CRA. The 30-business day period the
bank has to make the evaluation public has lapsed during the week ending
September 16, 1994.
If you are interested in obtaining a copy of the
evaluation document, please contact the bank(s) directly.
Identification of Ratings
0 -
An institution in this group has an outstanding record of, and
is a leader in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate- income neighborhoods, in a manner consistent with
its resources and capabilities.
S -
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome
neighborhoods, in
a manner
consistent with its
resources and capabilities.
NI -
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome
neighborhoods, in
a manner
consistent with its
resources and capabilities.
SN -
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome
neighborhoods, in
a manner
consistent with its
resources and capabilities.
BANK NAME/LOCATION
EXAMINATION DATE
RATINGS
-State Bank of Freeport
50 West Douglas Street
Freeport, Illinois
61032
(815) 235-5151
6/6/94
S
-Kansas State Bank
218 Buena Vista
Kansas, Illinois
(217) 948-5191
6/13/94
S
6/13/94
0
-Hawkeye Bank
431 Locust Street
Des Moines, Iowa
(515) 248-7700
61933
50309
Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING September 16, 1994
Application
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
End of Comment Period
None.
Application
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
End of Comment Period
*Section 3(a)(3) application by Truman Bancorp,
Inc., St. Louis, Missouri, to increase its owner
ship interest in U.S. National Bank of Clayton,
St. Louis, Missouri (from 32.9% to 54.1%)
*Section 4(c)(8) application by First Banks,
Inc., St. Louis, Missouri, to acquire River
Valley Holdings, Inc., Chicago, Illinois
(parent of River Valley Savings Bank, FSB,
Peoria, Illinois)
Newspaper:
Newspaper:
10/2/94
10/15/94
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application
End of Comment Period
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
None.
★
This application is subject to CRA.
FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri
AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community credit needs
An institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and moderate- income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
FOR THE WEEK ENDING
Name of Bank
None
September 16, 1994
Bank Address
Examination
Date
Examination
Rating
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date
Application
Citizens State Bank, Arlington,
South Dakota, to establish a
branch in Castlewood, South
Dakota
October 10, 1994
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period
Ending Date
Application
Conrad Company, Minneapolis, MN
To acquire 98% of the voting
shares of the Bank of Santa
Fe, Santa Fe, NM*
October 17, 1994
(Federal Register)
Pequot Area Bancorporation, Inc.
Pequot Lakes, MN, to acquire
100% of the voting shares of
Pequot Lakes State Bank, Pequot
Lakes, MN*
October 17, 1994
(Federal Register)
Riverside Acquisition Corporation, Inc.
Minneapolis, MN, to acquire 100%
of the voting shares of Riverside
Bancshares Corporation, Minneapolis, MN*
Not yet available
*Subject to CRA
Application
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date
Stearns Financial Services, Inc.
Employee Stock Ownership Plan
Albany, MN to engage in general
insurance agency activities
through the acquisition of Stearns
Financial Services, Inc., Albany, MN
Not yet available
Q Bancorp, Inc., Geraldine, MT
To engage de novo in making
and servicing loans
October 6, 1994
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section in - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date
Application
Otto Bremer Foundation, St. Paul
MN and Bremer Financial
Corporation, St. Paul, MN, to
engage de novo in making and
servicing loans and leasing
personal and real property
October 11, 1994
Norwest Corporation, Minneapolis,
MN, to engage in Mortgage servicing
lending through Norwest Mortgage,
Inc. by acquiring through NMI
certain mortgage servicing rights
or Michigan National Bank and its
wholly owned subsidiary Independence
One Mortgage Corporation, both of
Southfield, Michigan
September 16, 1994
Norwest Corporation, Minneapolis,
MN, to engage de novo in agri
cultural credit activities
Not yet available
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
Riverside Bancshares Corporation
Minneapolis, MN
To redeem 75% of its voting shares.
FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending September 16, 1994
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository institution's CRA performance, a rating
is assigned from the following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of, and is a leader in, ascertaining and
helping to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to improve its overall record of ascertaining and helping to
meet the credit needs of its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient record of ascertaining and helping to
meet the credit needs of its entire delineated community, including low-and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
BANK(S) EXAMINED
DATE OF EXAMINATION
CRA RATING
Yellowstone Bank Billings,
Montana
P. O. Box 81010
Billings, MT 59108-1010
(406) 652-4100
May 31, 1994
Satisfactory
Federal Reserve Bank of Kansas City
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
COMMENT PERIOD ENDING DATE
FirstBank Holding Company of Colorado
Employee Stock Ownership Plan,
Lakewood, Colorado, for prior
approval to increase its ownership
interests to 27.4 percent of the
voting shares of FirstBank Holding
Company of Colorado, Lakewood,
Colorado.*
Not Available
Tilden Bankshares, Inc., Tilden,
Nebraska, for prior approval to
become a bank holding company through
the acquisition of 100 percent of the
voting shares of The Tilden Bank,
Tilden, Nebraska.*
Not Available
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION
COMMENT PERIOD ENDING DATE
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
Federal Reserve Bank of Kansas City
Outstanding record of meeting community credit needs
An institution in this group has an outstanding record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods,
in a manner consistent with its
resources and capabilities.
Bank/Location
Exam Date
None.
♦Application is subject to CRA.
CRA Public
Date
CRA
Rating
FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF SEPTEMBER 12, 1994
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION
NOTICE EXP
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
Change in Control Notice by
Georgia Baker, Granbury, TX, to acquire an interest in
Community Bankers, Inc., Granbury, TX
(Previously reported during the week of 7-25-94)
Change in Control Notice by
Robert L. Lydick and Arthena Lydick, Clovis, NM, to
acquire an interest in Western Bancshares of Clovis,
Inc., Carlsbad, NM
(Previously reported during the week of 7-25-94)
♦Section 3(a)(1) application by
Hemisphere Financial, Ltd., Road Town, Tortola,
British Virgin Islands, to acquire Mercantile Financial
Enterprises, Inc., Wilmington, DE, and Mercantile Bank,
N.A., Brownsville, TX
(Previously reported during the week of 8-29-94)
♦Section 3(a)(1) application by
Mercantile Financial Enterprises, Inc., Wilmington, DE,
to acquire Mercantile Bank, N.A., Brownsville, TX
(Previously reported during the week of 8-29-94)
** NOTICE EXP
94/09/12
94/09/23
94/09/26
94/09/26
♦Section 3(a)(3) application by
Texas Financial Bancorporation, Inc., Minneapolis, MN,
to acquire Kaufman Bancshares, Inc., Kaufman, TX, and
Farmers and Merchants National Bank, Kaufman, TX
N/A
♦Section 3(a)(3) application by
First Bancorp, Inc., Denton, TX, to acquire Kaufman
Bancshares, Inc., Kaufman, TX, and Farmers and
Merchants National Bank, Kaufman, TX
N/A
♦Section 3(a)(3) application by
First Delaware Bancorp, Inc., Dover, DE, to acquire
Kaufman Bancshares, Inc., Kaufman, TX, and
Farmers and Merchants National Bank, Kaufman, TX
N/A
SECTION I I I - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION
Section 4(c)(8) application by
Stratford Bancshares, Inc., Stratford, TX, to acquire
Panhandle Management Corporation, Dumas, TX
(Previously reported during the week of 9-5-94)
Section 4(c)(8) application by
Stratford Bancshares of Delaware, Inc., Dover, DE, to
acquire Panhandle Management Corporation, Dumas, TX
(Previously reported during the week of 9-5—94)
NOTICE EXP
94/10/21
94/10/21
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF SEPTEMBER 12. 1994
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a
leader in, ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve its overall record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Bank
McFarland Brothers Bank
102 E. Main St.
P. 0. Box 1248
Tucumcari, NM 88401-1248
Date of
Examination
94/06/06
CRA Ratinq
Satisfactory
FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 9/16/94
Section I - Applications Subject to Newspaper Notice Only
Application
Comment Period Ending Date
San Benito Bank, Hollister, California, to establish
a branch office in San Juan Bautista, California. *
Newspaper:
10/07/94
Bank of America Nevada, Las Vegas, Nevada, to
establish an ATM at 2500 W. Spring Mountain Road,
Las Vegas, Nevada. *
Newspaper:
Not available
Newspaper:
Bank of America Nevada, Las Vegas, Nevada, to
establish 7 ATM's at Raley's Drug Centers located at
1441 Mayberry Drive, 4047 So. Virginia Street,
701 Keystone Avenue, 1075 N. Hills Boulevard,
Unit 270, all of Reno, Nevada; 2050 Pyramid Way,
Sparks, Nevada; 3701 S. Carson Street, Carson City,
Nevada; and 2511 Mountain City Highway, Elko, Nevada. *
Not available
Newspaper:
Bank of America Nevada, Las Vegas, Nevada, to
establish ATM's at Meadows Mall, Las Vegas,
Nevada; and Piper's Casino, Silver Springs, Nevada. *
Not available
ValliWide Bank, Fresno, California, to merge with
Bank One, Fresno, National Association, Fresno,
California. *
Newspaper:
10/10/94
San Benito Bank, Hollister, California, to establish
a branch office in the vicinity of the intersection
of San Benito and Fourth Streets, Hollister,
California. *
Newspaper:
Not available
First Interstate Bank of California, Los Angeles,
California, to merge with Bank of A. Levy, Ventura,
California. *
Newspaper:
10/12/94
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
First Interstate Bancorp, Los Angeles, California,
to acquire Levy Bancorp, Ventura, California. *
California Bancshares, Inc., San Ramon, California,
to acquire Bank of Livermore, Livermore,
California. *
Newspaper:
10/12/94
Fed. Reg.:
10/14/94
Newspaper:
10/09/94
Fed. Reg.:
10/17/94
Section III - Applications Subject to Federal Register Notice Only
None
* Subject to CRA.
FEDERAL RESERVE BANK OF SAN FRANCISCO ( c o n t 'd .)
Week Ending 9/16/94
Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending September 16, 1994. Information about a particular institution's
CRA evaluation may be obtained directly from the institution.
Institution
Location
Examination Date
Rating*
Farmers & Merchant-WA
North 25 Mullen Road
P.0. Box 14917
Spokane, WA 99214-0917
(509) 928-9600
6/06/94
Outstanding
First Indo-American
180 Sansome Street
San Francisco, CA 94104
(415) 434-2265
6/06/94
Satisfactory
Valley Commercial Bank
P.0. Box 766
Forest Grove, OR 97116
(503) 359-4495
7/29/94
Satisfactory
♦Under the rating system an institution's CRA performance is assigned one of
the following four ratings:
Outstanding record of meeting community credit needs: An institution has
an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
Satisfactory record of meeting community credit needs: An institution has
a satisfactory record of ascertaining and meeting the credit needs of its
entire delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs: An institution
needs to improve its overall record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
Substantial noncomol1ance in meeting community credit needs: An institution
has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and capabilities.
@FedFRASER